Shares of Generac Holdings (GNRC) surged on Friday after Jefferies upgraded the backup power equipment maker, citing growing momentum in AI-driven data center infrastructure demand and increasing traction for the company’s Baudouin engines among hyperscale operators.Generac shares climbed 9% after Jefferies raised its rating on the stock to Buy from…
Wall Street closed higher on Friday, with the Dow Jones Industrial Average reaching an intraday record high, as easing Treasury yields and optimism surrounding diplomatic efforts in the Middle East supported investor sentiment heading into the Memorial Day holiday weekend.The Dow gained nearly 295 points, or 0.59%, to close at…
As the global financial community eagerly awaits SpaceX’s historic initial public offering (IPO) – rumoured to command some $1.7 trillion valuation on June 12 – a wave of capital is flooding into public space stocks.This unprecedented offering promises to shine a “blinding spotlight” on the entire commercial space ecosystem, resetting…
Kevin Warsh delivered his first public speech as chair of the Federal Reserve on Friday, outlining a reform-focused vision for the central bank while emphasizing that inflation can be lowered without sacrificing economic growth.Speaking after being sworn in at the White House, Warsh described the current environment as “a time…
Iran’s tightening grip on the Strait of Hormuz has left global energy markets and shipping in turmoil, with The Financial Times reporting that a full reopening of the waterway in 2026 is unlikely. Instead, countries such as India, China, Japan, and South Korea may be forced into bilateral deals with Tehran…
In Beijing, the choreography said almost as much as the communiques. Air Force One had barely left Chinese airspace before Vladimir Putin’s plane touched down.The flags, guards and banquet halls were still warm from one superpower summit when China began staging the next.For Xi Jinping, the sequence was not just…
Workday (NASDAQ: WDAY) stock price surged by over 10% in the pre-market session as investors bought the dip following its better-than-estimated results. It rose to $136, modestly higher than the year-to-date low of $110. Workday stock is soaring after earnings reportWDAY stock has been under pressure in the past few years,…
Plug Power stock price jumped by over 14% on Thurday, paring back some of the losses made in the past two weeks. It jumped to $3.78, a few points below the year-to-date high of $4.10. This rally happened as Bloom Energy boosted sentiment in the industry.Plug Power stock jumped as…
JPMorgan Chase is looking at ways to transfer risk tied to a portfolio of loans extended to private equity funds, according to a Financial Times report.The portfolio is worth more than $4 billion, the report said, citing people familiar with the matter.The potential transaction would involve loans made to a…
A rally in European technology stocks has continued largely unnoticed as broader equity markets across the region struggle under the weight of the Iran war and slowing economic activity.The conflict has disrupted so-called Make Europe Great Again trades, with European shares expected to lag behind their US counterparts as long…